Wimbledon champion Kvitová faces storm over Monaco tax haven

She won the Wimbledon tennis singles title for the second time just one week ago. But now the Czech tennis star and current world number 4 Petra Kvitová is facing criticism for an alleged lack of patriotism stemming from the fact that for tax purposes, she is registered as a resident of the tiny southern European principality of Monaco.

Wimbledon champion Kvitová faces storm over Monaco tax haven Kvitova7x

Wimbledon champion Kvitová faces storm over Monaco tax haven Kvitova7x

Last Saturday, the 24-year-old Petra Kvitová beat the Canadian newcomer Eugenie Bouchard in straight sets to take the Wimbledon title for the second time in her career. But the glow of that victory has been somewhat dampened following a demand by Social Democrat MP Stanislav Huml that the player, who has listed Monaco as her place of residence for the purposes of avoiding income taxes, should be stripped of her Czech citizenship.

Here is Huml explaining to Radio Impuls the Facebook comments he made that sparked off the storm:

“I think that we should all have a long and hard think about the fact that if someone leaves the Czech Republic and becomes a member of another state, then they should lose their Czech citizenship. Because I don’t know that the few percent less in taxes that she stands to pay in a country like Monaco deflects from the fact that perhaps the Czech Republic actually helped her achieve some of her success.”

Such is the populist take being heard by several left-of-centre Czech politicians. They argue that using tax shelters is essentially a slap in the face for the investment that a country such as the Czech Republic has made in one of its citizens. The Czech Republic has a 22 percent income tax rate for its wealthiest citizens – Monaco’s rate is zero. Czech law mandates that taxes can be avoided if a citizen sets up residency in another country and spends more than half a year living at that location. So should Petra Kvitová actually be playing for Monaco?

http://radio.cz/en/section/curraffrs/wimbledon-champion-kvitova-faces-storm-over-monaco-tax-haven

Wimbledon champion Kvitová faces storm over Monaco tax haven

Wimbledon champion Kvitová faces storm over Monaco tax haven

Anarcho-Capitalist Categorical Imperatives

AnCaps On Rights, Individualism & Lifestyles